Collateral Risk Network Inc

Analysis

Collateral Risk Network Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Collateral Risk Network Inc reported income of $264k and spending of $276k, spending 104% of its income. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Collateral Risk Network Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Minnehaha County Supportive Housing Inc ($264k), Anvil-Richard Allen Gardens Inc ($265k) and Fairlawn Apartments ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $129k. At year end it held assets of $174k against liabilities of $139k, net assets of $35k. It reported 2 employees.